Datasvar AS becomes part of ECIT

07 Nov 2024 15:06 CET

Company announcement No. 268

ECIT AS hereby announce that Datasvar AS has become a part of ECIT.

- The acquisition strengthens ECIT’s presence within IT Consulting in Norway. We
are pleased to welcome customers and employees of Datasvar AS to ECIT, says
Peter Lauring, CEO in ECIT.

ECIT is acquiring 50.19 % of the shares in Datasvar AS, with an option to
acquire all remaining shares in the company. The acquisition has been settled
partly through cash, and partly with shares.


About Datasvar AS
Datasvar AS, located in Hønefoss, delivers IT Consultancy services. Datasvar AS
has 7 employees and a revenue of 15.1 MNOK for the fiscal year ending
31.12.2023. Read more on https://datasvar.no.

For further information please contact
Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942


About ECIT
Founded in 2013, ECIT supports a large customer base with accounting, payroll,
and IT services. ECIT has a proven model for acquisitions, combining proximity
to customers, local entrepreneurship and the strength of a larger international
group. ECIT has a full-year proforma revenue of 3.8 billion NOK per H1 2024 and
more than 2,500 employees across ten countries. M&A has been key to drive the
Company's growth as ECIT has completed more than 135 acquisitions since 2013.
Read more at www.ecit.com.

More information:
Access the news on Oslo Bors NewsWeb site

631633_ECIT_stockExhangerelease_No 268.pdf